💥 Cryptocurrency price dynamics 01.07.2022💥
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬇️ the largest drop over the day showed - Polkadot: -3.4%.
🔴 BTC - $ 19,456.55 (-2.8%)
🔴 ETH - $ 1,056.72 (-2.9%)
🟢 BNB - $ 219.39 (+0.9%)
🔴 XRP - $ 0.318297 (-2.3%)
🔴 ADA - $ 0.451026 (-1.7%)
🟢 SOL - $ 32.70 (+0.8%)
🔴 DOGE - $ 0.065123 (-2.2%)
🔴 DOT - $ 6.66 (-3.4%)
🔴 TRX - $ 0.064990 (-0.2%)
🔴 SHIB - $ 0.00001012 (-0.3%)
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬇️ the largest drop over the day showed - Polkadot: -3.4%.
🔴 BTC - $ 19,456.55 (-2.8%)
🔴 ETH - $ 1,056.72 (-2.9%)
🟢 BNB - $ 219.39 (+0.9%)
🔴 XRP - $ 0.318297 (-2.3%)
🔴 ADA - $ 0.451026 (-1.7%)
🟢 SOL - $ 32.70 (+0.8%)
🔴 DOGE - $ 0.065123 (-2.2%)
🔴 DOT - $ 6.66 (-3.4%)
🔴 TRX - $ 0.064990 (-0.2%)
🔴 SHIB - $ 0.00001012 (-0.3%)
⚠️Singapore regulator reprimanded Three Arrows Capital for providing false information
📢The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (3AC) for providing false information and exceeding the maximum allowed amount of assets under management (AUM). MAS explained that the fund exceeded the AUM threshold of S$250 million (about $180 million) twice, from July to September in 2020 and from November to August in 2020-2021. The company also failed to properly notify MAS of changes in management and equity.
https://getblock.net/en/news/singapore-regulator-reprimanded-three-arrows-capital-for-providing-false-information
📢The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (3AC) for providing false information and exceeding the maximum allowed amount of assets under management (AUM). MAS explained that the fund exceeded the AUM threshold of S$250 million (about $180 million) twice, from July to September in 2020 and from November to August in 2020-2021. The company also failed to properly notify MAS of changes in management and equity.
https://getblock.net/en/news/singapore-regulator-reprimanded-three-arrows-capital-for-providing-false-information
Bitcoin
Overnight, bitcoin reached $20 800 on impulse but was unable to hold at that level. Judging by the chart, the price of the asset has hit a local downtrend. If the bitcoin rate continues to rise in the near time, it will be possible to talk about the formation of the bottom of the current correction.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-01072022
#BTC #Analytics
Overnight, bitcoin reached $20 800 on impulse but was unable to hold at that level. Judging by the chart, the price of the asset has hit a local downtrend. If the bitcoin rate continues to rise in the near time, it will be possible to talk about the formation of the bottom of the current correction.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-01072022
#BTC #Analytics
✅Coinbase added Solana staking feature
👍Cryptocurrency exchange Coinbase has added the native token’s staking feature of the Solana (SOL) blockchain platform. The company noted that it intends to expand the service and add more assets to it in 2022. SOL became the seventh token supported by the exchange’s service, following Ethereum (ETH), Algorand (ALGO), Cosmos (ATOM), Tezos (XTZ), Cardano (ADA), and MakerDAO (DAI) stablecoin.
https://getblock.net/en/news/coinbase-added-solana-staking-feature
👍Cryptocurrency exchange Coinbase has added the native token’s staking feature of the Solana (SOL) blockchain platform. The company noted that it intends to expand the service and add more assets to it in 2022. SOL became the seventh token supported by the exchange’s service, following Ethereum (ETH), Algorand (ALGO), Cosmos (ATOM), Tezos (XTZ), Cardano (ADA), and MakerDAO (DAI) stablecoin.
https://getblock.net/en/news/coinbase-added-solana-staking-feature
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⚖️Grayscale sued SEC over refusal to register its spot bitcoin ETF
❌Digital asset management company Grayscale has sued the US Securities and Exchange Commission (SEC) after the agency rejected its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF (exchange-traded fund). In the rejection, the SEC cited concerns about market manipulation and the lack of a clear regulatory framework. So far, the agency has not approved any such investment product.
https://getblock.net/en/news/grayscale-sued-sec-over-refusal-to-register-its-spot-bitcoin-etf
❌Digital asset management company Grayscale has sued the US Securities and Exchange Commission (SEC) after the agency rejected its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF (exchange-traded fund). In the rejection, the SEC cited concerns about market manipulation and the lack of a clear regulatory framework. So far, the agency has not approved any such investment product.
https://getblock.net/en/news/grayscale-sued-sec-over-refusal-to-register-its-spot-bitcoin-etf
⛏Samsung to start producing chips for mining
⚙️South Korean company Samsung began developing 3-nanometer chips that can be used for mining cryptocurrencies, as the technology is compatible with ASIC devices. Using the new chips will reduce power consumption by 30% and increase the speed of mining by about 15%.
https://getblock.net/en/news/samsung-to-start-producing-chips-for-mining
⚙️South Korean company Samsung began developing 3-nanometer chips that can be used for mining cryptocurrencies, as the technology is compatible with ASIC devices. Using the new chips will reduce power consumption by 30% and increase the speed of mining by about 15%.
https://getblock.net/en/news/samsung-to-start-producing-chips-for-mining
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💰El Salvador added 80 bitcoins worth $1,5 million
🗣Amid the global downturn in the cryptocurrency market, El Salvador has added 80 BTC at $19 000 for a total of $1,52 million. This was announced by the country’s president Nayib Bukele. He said that bitcoin is the future and thanked “for selling cheap.”
https://getblock.net/en/news/el-salvador-added-80-bitcoins-worth-15-million
🗣Amid the global downturn in the cryptocurrency market, El Salvador has added 80 BTC at $19 000 for a total of $1,52 million. This was announced by the country’s president Nayib Bukele. He said that bitcoin is the future and thanked “for selling cheap.”
https://getblock.net/en/news/el-salvador-added-80-bitcoins-worth-15-million
💡JPMorgan pointed to the factors of the crypto market’s imminent recovery
🤔Analysts at JPMorgan, a financial holding company, believe that the cryptocurrency market will soon hit the bottom, after which digital asset rates will begin to rise. According to experts, three factors point to this. Thus, major players, such as the FTX exchange, have begun to provide financial support to struggling companies amid the falling market. In addition, the industry is deleveraging, while venture capital investments, on the other hand, show a steady inflow — in May and June, the crypto sector attracted about $5 billion.
https://getblock.net/en/news/jpmorgan-pointed-to-the-factors-of-the-crypto-markets-imminent-recovery
🤔Analysts at JPMorgan, a financial holding company, believe that the cryptocurrency market will soon hit the bottom, after which digital asset rates will begin to rise. According to experts, three factors point to this. Thus, major players, such as the FTX exchange, have begun to provide financial support to struggling companies amid the falling market. In addition, the industry is deleveraging, while venture capital investments, on the other hand, show a steady inflow — in May and June, the crypto sector attracted about $5 billion.
https://getblock.net/en/news/jpmorgan-pointed-to-the-factors-of-the-crypto-markets-imminent-recovery
⚠️Binance to delist GRS, NAS, and GO tokens
❌Cryptocurrency exchange Binance will delist Groestlcoin (GRS), Nebulas (NAS), and GoChain (GO) tokens on July 8. The trading pairs GRS/BTC, NAS/BTC, NAS/ETH, and GO/BTC will be removed. After trading ceases in these pairs, orders will be automatically removed. Deposit of assets to the account will not be available from July 9, withdrawals will be possible until September 10, 2022.
https://getblock.net/en/news/binance-to-delist-grs-nas-and-go-tokens
❌Cryptocurrency exchange Binance will delist Groestlcoin (GRS), Nebulas (NAS), and GoChain (GO) tokens on July 8. The trading pairs GRS/BTC, NAS/BTC, NAS/ETH, and GO/BTC will be removed. After trading ceases in these pairs, orders will be automatically removed. Deposit of assets to the account will not be available from July 9, withdrawals will be possible until September 10, 2022.
https://getblock.net/en/news/binance-to-delist-grs-nas-and-go-tokens
📈Deutsche Bank analysts predicted the bitcoin rate to rise to $28 000 by the end of the year
💵Analysts at Germany’s largest bank, Deutsche Bank, believe the price of bitcoin will reach the $28 000 mark by the end of 2022. According to a report by Marion Laboure and Galina Pozdnyakova, the correlation between digital asset rates and the Nasdaq 100 and S&P 500 stock indices has been increasing since November 2021. In this, experts predict that by the end of the year, the S&P will rise to January levels, which means that the price of the first cryptocurrency could follow.
https://getblock.net/en/news/deutsche-bank-analysts-predicted-the-bitcoin-rate-to-rise-to-28-000-by-the-end-of-the-year
💵Analysts at Germany’s largest bank, Deutsche Bank, believe the price of bitcoin will reach the $28 000 mark by the end of 2022. According to a report by Marion Laboure and Galina Pozdnyakova, the correlation between digital asset rates and the Nasdaq 100 and S&P 500 stock indices has been increasing since November 2021. In this, experts predict that by the end of the year, the S&P will rise to January levels, which means that the price of the first cryptocurrency could follow.
https://getblock.net/en/news/deutsche-bank-analysts-predicted-the-bitcoin-rate-to-rise-to-28-000-by-the-end-of-the-year
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📝FATF: 70% of countries lack laws on information-sharing on crypto transactions
🔍Experts at the Financial Action Task Force (FATF) have conducted a study that found that only 29 out of 98 countries have passed laws on the information-sharing on cryptocurrency transactions, and only 11 of them have begun to supervise compliance with the rules introduced. FATF stressed that digital assets include high risks associated with terrorist financing and fraud.
https://getblock.net/en/news/fatf-70-of-countries-lack-laws-on-information-sharing-on-crypto-transactions
🔍Experts at the Financial Action Task Force (FATF) have conducted a study that found that only 29 out of 98 countries have passed laws on the information-sharing on cryptocurrency transactions, and only 11 of them have begun to supervise compliance with the rules introduced. FATF stressed that digital assets include high risks associated with terrorist financing and fraud.
https://getblock.net/en/news/fatf-70-of-countries-lack-laws-on-information-sharing-on-crypto-transactions
❗️3AC’s liquidation and first DFA deal in Russia. Main news of the crypto industry
📉Bitcoin exchange rate has declined by 6,85% over the past seven days. The highest values were reached by the asset on June 26, when 1 BTC was trading at $21 773, the lowest values were registered on June 30 — $18 743 per one coin. As of July 1, 9:40 UTC, BTC is trading at $19 463 (according to Binance).
⬇️The value of the second most capitalized cryptocurrency, Ethereum, has declined 7,23% in the past seven days to $1066. The rate of the native token of the cryptocurrency exchange Binance (BNB) has fallen by 4,43%, the asset is trading at $222.
📊The total capitalization of the crypto market decreased from $971 billion to $921 billion during the week, with bitcoin dominating 40%. Ethereum's share is 13,6%.
📃Top industry news and in-depth analysis of digital assets read in GetBlock Magazine's weekly review
📉Bitcoin exchange rate has declined by 6,85% over the past seven days. The highest values were reached by the asset on June 26, when 1 BTC was trading at $21 773, the lowest values were registered on June 30 — $18 743 per one coin. As of July 1, 9:40 UTC, BTC is trading at $19 463 (according to Binance).
⬇️The value of the second most capitalized cryptocurrency, Ethereum, has declined 7,23% in the past seven days to $1066. The rate of the native token of the cryptocurrency exchange Binance (BNB) has fallen by 4,43%, the asset is trading at $222.
📊The total capitalization of the crypto market decreased from $971 billion to $921 billion during the week, with bitcoin dominating 40%. Ethereum's share is 13,6%.
📃Top industry news and in-depth analysis of digital assets read in GetBlock Magazine's weekly review
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📉Pantera Capital CEO blamed Fed for cryptocurrency market crash
⚡️Dan Morehead, head of the cryptocurrency hedge fund Pantera Capital, blamed the US Federal Reserve System (Fed) for the collapse of the cryptocurrency market. According to Morehead, the Fed made a mistake when it kept daily rates too low for a long time. Morehead also claims that the regulator hasn't cut its significant bond holdings, allowing the market to be manipulated.
https://getblock.net/en/news/pantera-capital-ceo-blamed-fed-for-cryptocurrency-market-crash
⚡️Dan Morehead, head of the cryptocurrency hedge fund Pantera Capital, blamed the US Federal Reserve System (Fed) for the collapse of the cryptocurrency market. According to Morehead, the Fed made a mistake when it kept daily rates too low for a long time. Morehead also claims that the regulator hasn't cut its significant bond holdings, allowing the market to be manipulated.
https://getblock.net/en/news/pantera-capital-ceo-blamed-fed-for-cryptocurrency-market-crash
❌BlockFi CEO refuted $25 million company sale to FTX
🙅♂️The head of the BlockFi lending platform Zac Prince denied that his company was being bought by the cryptocurrency exchange FTX. On June 30, CNBC reported that BlockFi intended to make a $25 million deal with FTX. That's 99 percent below the platform's $4,8 billion valuation in its last funding round in 2021.
https://getblock.net/en/news/blockfi-ceo-refuted-25-million-company-sale-to-ftx
🙅♂️The head of the BlockFi lending platform Zac Prince denied that his company was being bought by the cryptocurrency exchange FTX. On June 30, CNBC reported that BlockFi intended to make a $25 million deal with FTX. That's 99 percent below the platform's $4,8 billion valuation in its last funding round in 2021.
https://getblock.net/en/news/blockfi-ceo-refuted-25-million-company-sale-to-ftx
📢FBI announced $100 000 reward for information about the founder of the OneCoin scam
🚨The US Federal Bureau of Investigation (FBI) has announced a $100 000 reward for any information about OneCoin scam project founder Ruja Ignatova. According to law enforcement officials, she is accused of conspiracy to commit fraud and money laundering, as well as the theft of $4 billion. Ignatova is also one of the FBI's top 10 most wanted fugitives.
https://getblock.net/en/news/fbi-announced-100-000-reward-for-information-about-the-founder-of-the-onecoin-scam
🚨The US Federal Bureau of Investigation (FBI) has announced a $100 000 reward for any information about OneCoin scam project founder Ruja Ignatova. According to law enforcement officials, she is accused of conspiracy to commit fraud and money laundering, as well as the theft of $4 billion. Ignatova is also one of the FBI's top 10 most wanted fugitives.
https://getblock.net/en/news/fbi-announced-100-000-reward-for-information-about-the-founder-of-the-onecoin-scam
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❌Coinbase denied selling customer data to the US authorities
🛡Cryptocurrency exchange Coinbase denied reports of selling confidential user data to the Immigration and Customs Enforcement (ICE) as part of its provision of Coinbase Tracer, an analytics software. The company assured that they do not hand over personal information about customers, adding that Coinbase’s top priority is to ensure users’ safety when using the platform.
https://getblock.net/en/news/coinbase-denied-selling-customer-data-to-the-us-authorities
🛡Cryptocurrency exchange Coinbase denied reports of selling confidential user data to the Immigration and Customs Enforcement (ICE) as part of its provision of Coinbase Tracer, an analytics software. The company assured that they do not hand over personal information about customers, adding that Coinbase’s top priority is to ensure users’ safety when using the platform.
https://getblock.net/en/news/coinbase-denied-selling-customer-data-to-the-us-authorities
⚠️Crypto analyst Justin Bennett warned of possible decline in the rates of three coins
🔮Crypto analyst and trader Justin Bennett warned of a possible decline in the value of three assets amid a falling market. He singled out bitcoin (BTC), Solana (SOL) and Ethereum (ETH). The analyst predicted the likely movement of the rates of each of them, based on the price charts.
https://getblock.net/en/news/crypto-analyst-justin-bennett-warned-of-possible-decline-in-the-rates-of-three-coins
🔮Crypto analyst and trader Justin Bennett warned of a possible decline in the value of three assets amid a falling market. He singled out bitcoin (BTC), Solana (SOL) and Ethereum (ETH). The analyst predicted the likely movement of the rates of each of them, based on the price charts.
https://getblock.net/en/news/crypto-analyst-justin-bennett-warned-of-possible-decline-in-the-rates-of-three-coins
💥 Cryptocurrency price dynamics 02.07.2022💥
Most crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Dogecoin showed the greatest growth over the day: +2.8%.
⬇️ The biggest drop over the day showed - BNB: -1.1%.
🔴 BTC - $ 19,278.19 (-1.0%)
🔴 ETH - $ 1,048.97 (-0.8%)
🔴 BNB - $ 216.71 (-1.1%)
🔴 XRP - $ 0.314507 (-1.2%)
🔴 ADA - $ 0.447620 (-0.7%)
🔴 SOL - $ 32.69 (-0.1%)
🟢 DOGE - $ 0.066922 (+2.8%)
🟢 DOT - $ 6.74 (+1.3%)
🟢 TRX - $0.065201 (+0.2%)
🔴 SHIB - $ 0.00001006 (-0.2%)
Most crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Dogecoin showed the greatest growth over the day: +2.8%.
⬇️ The biggest drop over the day showed - BNB: -1.1%.
🔴 BTC - $ 19,278.19 (-1.0%)
🔴 ETH - $ 1,048.97 (-0.8%)
🔴 BNB - $ 216.71 (-1.1%)
🔴 XRP - $ 0.314507 (-1.2%)
🔴 ADA - $ 0.447620 (-0.7%)
🔴 SOL - $ 32.69 (-0.1%)
🟢 DOGE - $ 0.066922 (+2.8%)
🟢 DOT - $ 6.74 (+1.3%)
🟢 TRX - $0.065201 (+0.2%)
🔴 SHIB - $ 0.00001006 (-0.2%)
🆘Celsius shareholder presented three plans to save the platform from bankruptcy
💻BnkToTheFuture CEO Simon Dixon has published three options for Celsius’ recovery, which would also save shareholders’ and depositors’ funds frozen by the platform “due to extreme market conditions” on June 13. Two of them involve restructuring and relaunching Celsius, another one is to raise funding from the platform’s community and large bitcoin holders.
https://getblock.net/en/news/celsius-shareholder-presented-three-plans-to-save-the-platform-from-bankruptcy
💻BnkToTheFuture CEO Simon Dixon has published three options for Celsius’ recovery, which would also save shareholders’ and depositors’ funds frozen by the platform “due to extreme market conditions” on June 13. Two of them involve restructuring and relaunching Celsius, another one is to raise funding from the platform’s community and large bitcoin holders.
https://getblock.net/en/news/celsius-shareholder-presented-three-plans-to-save-the-platform-from-bankruptcy
Bitcoin
A wedge has formed on the 4-hour timeframe. In case of its implementation upwards, bitcoin could correct again and try to rise to $22 000. In case of its implementation downwards, there is a high probability of renewal of a new local low.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-02072022
#BTC #Analytics
A wedge has formed on the 4-hour timeframe. In case of its implementation upwards, bitcoin could correct again and try to rise to $22 000. In case of its implementation downwards, there is a high probability of renewal of a new local low.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-02072022
#BTC #Analytics
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💭Crypto platform Ledn started talks to buy stake in BlockFi
💸Ledn, a crypto platform, has begun talks to buy a stake in BlockFi. The proposal would see Ledn lead a new funding round of up to $400 million, as well as contributing $50 million to BlockFi’s equity, Bloomberg reports, citing anonymous sources. ParaFi Capital, a venture capital firm, will also reportedly participate in the round.
https://getblock.net/en/news/crypto-platform-ledn-started-talks-to-buy-stake-in-blockfi
💸Ledn, a crypto platform, has begun talks to buy a stake in BlockFi. The proposal would see Ledn lead a new funding round of up to $400 million, as well as contributing $50 million to BlockFi’s equity, Bloomberg reports, citing anonymous sources. ParaFi Capital, a venture capital firm, will also reportedly participate in the round.
https://getblock.net/en/news/crypto-platform-ledn-started-talks-to-buy-stake-in-blockfi